1. It is to note that ONGC has paid Rs 13,500 crore as subsidy burden in first three quarters and expects to see subsidy burden to be Rs 6000 crore for Q4.
2. One has to analyse the prospects of the company in the light of the fresh facts that its FY08 subsidy burden is likely to rise to Rs 20,000 crore from Rs 17,000 crore. However I am amazed at the contention of the management that the higher subsidy burden is not expected to affect the bottomline or are they speaking FM language to appease him or be in his good books.
3. However it is also worthy of noting this fact that company is looking aggressively at acquisitions via OVL. Get Free Indian Stock Market Tips in Email Here.
15 Mar 2008
ONGC Update
ONGC Update
2008-03-15T00:24:00+05:30
ANALYST
ONGC|
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